Rentomojo, Vedanta, Axis Bank and BGR Energy in Focus as Corporate Updates Drive Trade

A busy set of earnings and corporate announcements put several stocks in the spotlight on Tuesday, October 6, with investors reacting to everything from quarterly numbers and banking updates to dividend plans and debt restructuring. 

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Rentomojo managed to gain despite a sharp fall in profit, while Vedanta moved higher ahead of a board meeting to consider an interim dividend. Axis Bank, BGR Energy and Steamhouse India were among the other stocks seeing notable moves in early trade. 

Rentomojo Rises Even as Profit Falls 

Rentomojo shares gained 2% even though its first-quarter profit declined sharply from a year earlier. 

The company reported a consolidated profit of Rs 7.8 crore, down 38.6% from Rs 12.8 crore in the year-ago period. 

Revenue told a different story, jumping 51.1% to Rs 126.3 crore from Rs 83.6 crore. 

The quarter also included an exceptional loss of Rs 11.36 crore, compared with none in the corresponding period last year. Tax expenses stood at Rs 2.7 crore versus nil a year ago. 

Vedanta Gains Ahead of Dividend Decision 

Vedanta shares rose 3% as investors looked ahead to the company’s board meeting scheduled for October 8. 

The board will consider declaring the first interim dividend on equity shares for FY27. 

If a dividend is declared, October 14 has been fixed as the record date for determining eligible shareholders. 

Axis Bank Up 1.5% on Quarter-wise Business Update 

Shares of Axis Bank rose 1.5% as the bank came out with its preliminary business performance data for the September quarter. 

The gross advances were up by 22.7% year-over-year at Rs 13.84 lakh crore from Rs 11.28 lakh crore. 

Total deposits increased 20.7% to Rs 14.52 lakh crore, compared to Rs 12.03 lakh crore a year ago. 

CASA deposits saw a slower growth rate and rose 10.6% to Rs 5.29 lakh crore from Rs 4.79 lakh crore. 

Steamhouse India Up After a Huge Jump in Q1 Earnings 

Shares of Steamhouse India surged 7% following the company’s earnings update that showed a jump in first-quarter profits. 

The consolidated profit was up by 80.2% year-over-year to Rs 18.3 crore from Rs 10.2 crore. 

Revenue was up by 13.3% to Rs 128.6 crore, compared to Rs 113.5 crore in the same quarter last year. 

However, LCC Projects saw shares falling. 

The shares fell 4% after a drop in profit by 17.04% to Rs 63.7 crore. Revenue decreased by 15.1% to Rs 802.6 crore. 

BGR Energy Surges by 5% Post Debt Restructuring Pact 

BGR Energy surged by 5% after signing a Master Restructuring Agreement with the National Asset Reconstruction Company, or NARCL. 

The pact is concerning restructuring the outstanding debt amounting to Rs 3,736 crore. 

The event made the stock a matter of interest on Tuesday amid other stocks driven by their earnings announcements. 

Zydus Lifesciences, JSW Energy Also Gain 

Zydus Lifesciences rose 1.5% after partnering with MSN Laboratories to launch generic riociguat tablets in the United States. 

The two companies became the first to launch a generic version of Adempas in the US market. 

JSW Energy also gained 1.5%. The company has added 1,694 MW of installed capacity since April 2026, taking its total installed capacity to 15,147 MW. 

HLE Glascoat rose 2% after subsidiary Thaletec GmbH transferred its entire stake in HLE Surface Technologies GmbH to wholly owned subsidiary HLE International S.à.r.l. 

Tuesday’s early moves reflected a market being driven heavily by company-specific developments. Earnings produced contrasting reactions across Rentomojo, Steamhouse India and LCC Projects, while dividend expectations, banking growth and corporate actions brought buyers to several other counters.